The Chinese property giant’s debt load is teetering. Here’s a look at the crisis and the risks of a collapse.
Evergrande apartment buildings in Beijing. The company has hundreds of projects in more than 200 Chinese cities.The world’s stock and bond markets are closely watching China Evergrande Group , a Chinese property developer that is on the brink of missing payments on some of its debt. If not resolved, it threatens to become the largest debt default by a company in Asia, which could jolt investor confidence across markets globally.
on yuan-denominated bonds also coming due Sept. 23, but didn’t say whether it would pay in cash or other assets. If it misses the payment and couldn’t make good in 30 days, it could be declared in default.
An Evergrande will effect China economy? It seems China just own an Evergrande? The ships hurry to unload the containers and emptied back to China endorses The world confidence to China supply chain and economy. Is WSJ old now? Chattering over and over.
1 unfinished Chinese apartment = 1 unfinished Chinese apartment China Evergrande DogecoinToTheMoon 🙂
That WSJ and fox crop of s...
Hundreds of billions in debt will affect all markets. It is what it is.
More worries for China 🇨🇳 RealEstate , Banks & FinancialInstitution... equityin Markets Equityin
More worries for China 🇨🇳 RealEstate , Banks & FinancialInstitution... equityin Markets Equityin
ChinaVirus
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Here's why the Evergrande crisis is not China's 'Lehman moment'Property developer China Evergrande's debt woes are unlikely to cause the same fallout as the collapse of U.S. investment bank Lehman Brothers, analysts said. It’s The bulls are argueing that evergrande is not China’s Lehman moment while bears insisting YES.🧐 PEC-Pie白皮书-介绍
Source: CNBC - 🏆 12. / 72 Read more »
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IMF says China has tools to avoid Evergrande's problems becoming systemic crisisThe International Monetary Fund on Tuesday said it is closely following developments surrounding China Evergrande Group , but believes Beijing has the tools to prevent the situation from turning into a systemic crisis. China also had the tools to avoid Corona becoming a pandemic crisis.
Source: Reuters - 🏆 2. / 97 Read more »
Why the stock-market ‘wild card’ isn’t Evergrande, it’s WashingtonThe potential for another white-knuckle flirtation with a U.S. default via a debt-ceiling showdown is helping to raise policy uncertainty. The good news, is... I assume it then remains evergrande Interesting headline..
Source: MarketWatch - 🏆 3. / 97 Read more »
China's Evergrande crisis could drag down Tether and other cryptocurrencies: CNBC After HoursOn today's show, CNBC's Kate Rooney explains why Chinese property developer Evergrande's debt crisis could be trouble for Tether. Who green lights this shit content with no fact checking
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Coinbase ditches crypto lending program after receiving SEC lawsuit threatThe cryptocurrency market tumbles Monday, due to contagion fear from troubled China property developer Evergrande and uncertainty regarding crypto regulations. When Coinbase Bank
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